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East Zone concessionaire Manila Water Company Inc. saw a double-digit increase in its bottom line in the first half of 2024 on the back of higher water rates, which took effect this year, as well increased consumer volume during the period.In a disclosure to the Philippine Stock Exchange on Thursday, Manila Water reported a net income of P6.9 billion, up 37% from P5.05 billion profit booked in the same period last year.The water concessionaire posted consolidated revenues of P18.
The East Zone concession, the company said, posted net income of P6 billion for the period, up 31% from last year.Manila Water’s East Zone water distribution and sewerage services spans the cities of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, most parts of Quezon City, portions of Manila; as well as the towns Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Rodriguez, San Mateo, Tanay, Taytay, and Teresa in Rizal province.
East Zone Water Concessionaire
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